Chinese President Xi Jinping on Wednesday required adapting to altering scenarios, grasping strategic concerns, and making sound plans for the nations economic and social development in the 2026-2030 period.The remarks came as China accelerates efforts to meet the targets set in the 14th Five-Year Plan (2021-2025) in the final year of its implementation and to develop the next five-year strategy.
The planning must concentrate on the goal of basically realizing socialist modernization, with a view to constructing an excellent nation and advancing national restoration, Xi said at a symposium on Chinas financial and social development in the 15th Five-Year Plan duration (2026-2030) held in Shanghai.An essential directing file for medium-to-long-term financial and social progress, Chinas five-year strategy lays out the countrys total objectives, significant tasks and policy orientation across various sectors over a five-year period.In planning financial and social development for the next 5 years, targets and tasks need to be set in a sensible way with methods and measures to be proposed for each specific field, stated Xi, also basic secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission.
We need to unswervingly handle our own affairs well and stay dedicated to broadening high-standard opening up, Xi told the seminar, worrying promoting premium development on all fronts.
Greater focus need to be placed on making sure both advancement and security, with a comprehensive assessment of domestic and external risks and obstacles, he said, requiring efforts to improve the nationwide security system.Since its very first launch in the 1950s, the five-year plan has actually been serving as a blueprint for Chinas overall advancement.
The solution process operates through a well-structured structure that combines the centralized, combined management of the CPC Central Committee with substantial democratic participation.In 2020, Xi led the drafting group for propositions for formulating the 14th five-year strategy and long-range goals through 2035.
He presided over 7 symposiums within three months to seek recommendations from agents from all strolls of life.
Chinas succeeding five-year plans provide the worldwide economy with exceptional certainty -- an important anchor at a time when the world deals with profound unpredictability, said Wang Huiyao, president of the Center for China and Globalization, a Beijing-based think tank.